Requirement 1. Record each transaction in the journal. Key each transaction by date. Explanations are not required. (Record debits first, then credits. Exclude explanations from journal entries.) Mar 2 Thompson Services received $63,000 cash and issued common stock to the stockholders. Date Mar Journal Entry Accounts Debit Credit Mar 2 Thompson Services received $63,000 cash and issued common stock to the stockholders. Mar 3 Mar 4 Mar 7 Mar 11 Purchased supplies, $600, and equipment, $12,100, on account. Performed services for a customer and received cash, $5,700. Paid cash to acquire land, $34,000. Performed services for a customer and billed the customer, $3,700. Thompson expects to collect within one month. Mar 16 Paid for the equipment purchased March 3 on account. Mar 17 Paid for newspaper advertising, $540. Mar 18 Received partial payment from customer on account. $1,600. Mar 22 Received and paid the water and electricity bills, $370. Mar 29 Mar 31 his Mar 31 Received $2,700 cash for servicing the heating unit of a customer. Paid employee salaries, $1,800. Declared and paid dividends of $1,900